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Bitcoin, Ethereum, and Ripple Price Predictions in April 2020

Anca F. by Anca F.
April 1, 2020
in Cryptocurrencies

Today, we will be looking at some of the historical price trends and market opinions in order to come up with price predictions for Bitcoin, Ethereum, and Ripple in April 2020.

Bitcoin Price Prediction: Analysis

After the huge crash from March 12-13th, Bitcoin mostly maintained itself between $4,000 and $5,000 until March 18th.

Between 19-23 March, Bitcoin has shown signs of a bullish recovery, which forced a breakout to the upside. The coin traded mostly above $6,000, but the bulls were struggling to get to on one key resistance of $7,000.

BTC USD daily chart. Source: Tradingview

On March 20th, BTC/USD went from $5,500 to a high of $6.844,26, which almost touched the $7,000 resistance. However, the weekend price movement was dull, and buyers lost their momentum because of the increased bearish action. The immediate support values are set at $6,000 and $5,800. Bitcoin is currently struggling to hit a reversal targeting $7,000.

The current price of BTC is $6,329.29, with a 2.07% decrease over the past 24 hours.

Bitcoin Market Predictions

Tradingbeasts

Tradingbeasts predicts that BTC will open April at $5,975.536, with the maximum possible value of $7,461.957 and a minimum value of $5,074.130. The site expects that Bitcoin will have a closing price of $5,969.565, which marks a change of -8.30%.

Longforecast

Longforecast’s Bitcoin price prediction for the start of April is $7812. The maximum expected price is $9,696, while the minimum value is expected to be $5,896. The month’s average was estimated by the site at $8117. They also expected that Bitcoin will close the month at $9062, marking a change for April of 16.0%.

Digitalcoinprice

Digitalcoinprice is optimistic as usual, expecting Bitcoin to reach $14,095.12 in April, which would signify a change of 114.44%.

30rates

30rates made predictions for every day of April (except weekends), with the minimum, maximum, and closing prices for each individual day.

DateWeekdayMinMaxPrice
04/01Wednesday$7368$8478$7923
04/02Thursday$7798$8972$8385
04/03Friday$7345$8451$7898
04/06Monday$7591$8733$8162
04/07Tuesday$8085$9303$8694
04/08Wednesday$6792$7814$7303
04/09Thursday$6836$7865$7350
04/10Friday$6792$7814$7303
04/13Monday$6700$7708$7204
04/14Tuesday$6120$7042$6581
04/15Wednesday$5896$6784$6340
04/16Thursday$5985$6885$6435
04/17Friday$6071$6985$6528
04/20Monday$6136$7060$6598
04/21Tuesday$6087$7003$6545
04/22Wednesday$6294$7242$6768
04/23Thursday$6298$7246$6772
04/24Friday$6169$7097$6633
04/27Monday$6081$6997$6539

Ethereum Price Prediction: Analysis

ETH also was affected on March 13th, with the coin going below the $100 mark, after starting the month at $200. The coin swiftly recovered that day and managed to keep itself above the $110 level.

ETH/USD is showing a strong bullish trend on intraday charts, like most of the crypto market. On March 19th, ETH went from $114 to $136,59 and continued to trade between $120 and $130 for the rest of the days until March 23rd.

ETH USD daily chart. Source: Tradingview​​​​​​​

The crypto is now trading above the $132 resistance but encounters major resistance near the $138 and $140 levels.

The ETH/USD pair is experiencing a strong growth ahead, as a 95 percent move against Bitcoin is expected by an analyst.

“ETH/USD dropped to $119.36 during early Asian hours before recovering to $133.10. The-second largest digital asset stayed mostly unchanged on a day-to-day basis and gained over 8% since the beginning of the day, moving in sync with the market. The bullish sentiments helped the coin to settle above SMA50 1-hour and smashed SMA100 at $132.50.”

The one-hour RSI is pointing upwards, which might signal that the downside correction has ceased for now.

Ethereum Market Predictions

Longforecast

Longforecast anticipated that Ethereum will start April at a price of $158. The highest possible value was calculated at $196, while the minimum was estimated at $105. The month’s average price was set at $161. ETH is projected to close the month at a price of $183, change for April 15.8%.

Tradingbeasts

Tradingbeast’s Ethereum price prediction for the start of April is $108.519. The expected max price is $132.384, while the min is $90.021. The closing price for Ethereum was calculated at around $105.907, with a change of -19.35%.

Digitalcoinprice

Digitalcoinprice estimates that Ethereum will have a trading price of $243.59, change for April 78.27%.

30rates

30rates made predictions for every day of April (except weekends), with the minimum, maximum, and closing prices for each individual day.

04/01Wednesday$150$172$161
04/02Thursday$156$180$168
04/03Friday$140$162$151
04/06Monday$141$163$152
04/07Tuesday$157$181$169
04/08Wednesday$132$152$142
04/09Thursday$128$148$138
04/10Friday$126$146$136
04/13Monday$128$148$138
04/14Tuesday$110$126$118
04/15Wednesday$105$121$113
04/16Thursday$113$129$121
04/17Friday$113$131$122
04/20Monday$114$132$123
04/21Tuesday$113$129$121
04/22Wednesday$117$135$126
04/23Thursday$117$135$126
04/24Friday$112$128$120
04/27Monday$112$128$120

Ripple Price Prediction: Analysis

Ripple recovered somewhat in the middle of the month of March, but since then, it remained in a consolidation mode, facing difficulties in breaking above the $0.174 level.

The coin experienced a series of higher lows around $0.11 (March 13st), followed by $0.13 (March 16th) and $0.15 (March 21), respectively. This indicates the forming of a healthy bullish pattern.

XRP/USD - 4 Hour Chart

After trading above $0.20, on March 12, Ripple (XRP) dropped to a low of $0.13 and continued consolidation. The coin is currently experiencing a sideways trend, fluctuating $0.12 and $0.17. The bears have tested the lower price range but pulled back just like the bulls who tested the upper price range and also met resistance.

The major support level is currently set at $0.15 and $0.141, and if the coin does not keep itself above these levels, the price is likely to drop back to $0.11 support, from where Ripple began its recovery. The next support level is set at $0.1283 (March 16 low).

XRP USD daily chart. Source: Tradingview​​​​​​​

The first major resistance is set at $0.161 level, with $0.1700 being the most coveted one for a bullish rally, if the coin manages to reach $0.171, then this could trigger the increase of the price outside the recent consolidation channel and start targeting $0.2000.

Today, Ripple is trading at a price of $0.172232, with an increase of 2,74% in the past 24-hour period.

Ripple Market Predictions

Longforecast

Longforecast predicted that XRP would start the month at 0.17 Dollars. They also projected that the maximum price would be around $0.20 and the minimum at $0.12. The considered month average was assessed at $0.17. The site forecasts that XRP will close the month at a price of $0.18, change for April 5.9%.

Tradingbeasts

The XRP price is estimated to reach $0.2009668 by the beginning of April 2020. The projected max price was estimated at around $0.2479305, while the minimum was set at $0.1685927. The XRP price prediction for the end of April is $0.1983444, which means an increase of 26.94%.

Digitalcoinprice

Digitalcoinprice’s XRP price prediction is $0.31160896 in April, which implies a change of 93.98%.

30rates

30rates made predictions for every day of April (except weekends), with the minimum, maximum, and closing prices for each individual day.

04/01Wednesday$0.159$0.183$0.171
04/02Thursday$0.166$0.192$0.179
04/03Friday$0.154$0.178$0.166
04/06Monday$0.162$0.186$0.174
04/07Tuesday$0.170$0.196$0.183
04/08Wednesday$0.143$0.165$0.154
04/09Thursday$0.140$0.162$0.151
04/10Friday$0.142$0.164$0.153
04/13Monday$0.146$0.168$0.157
04/14Tuesday$0.128$0.148$0.138
04/15Wednesday$0.122$0.140$0.131
04/16Thursday$0.125$0.143$0.134
04/17Friday$0.126$0.144$0.135
04/20Monday$0.126$0.146$0.136
04/21Tuesday$0.125$0.143$0.134
04/22Wednesday$0.129$0.149$0.139
04/23Thursday$0.128$0.148$0.138
04/24Friday$0.124$0.142$0.133
04/27Monday$0.122$0.140$0.131

Conclusion

These have been our April price predictions for Bitcoin, Ethereum, and Ripple. We hope that the information we have provided will be of help in your future trading operations.

Featured image: Bitcoin exchange guide

Tags: bitcoin price prediction aprilbtc price prediction aprilETH price predictionEthereum price predictionRipple price predictionXRP price prediction
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Invest at your own risk notice : The information on this website and the links provided are for general information only and should not constitute any financial or investment advice. We strongly recommend you to conduct your own research or consult a qualified investment advisor before making any financial decisions. We are not responsible for any loss caused by any information provided directly or indirectly on this website.

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